EIP 1559
Ethereum’s Fee Market Upgrade Explained
The most expensive blockchain to use is Ethereum, with users paying over $5 million per day in transaction fees, compared to Bitcoin's $1.5 million. This July, Ethereum's fee market is expected to undergo a radical change known as Ethereum Improvement Proposal (EIP) 1559. CoinDesk's Christine Kim breaks down her comprehensive report on the key findings and investment implications for the upgrade.
4 Common Misperceptions About Ethereum’s EIP 1559 Upgrade
Here's a look at the promises of EIP 1559, expected for activation sometime next month.
Ethermine Adds Front-Running Software to Help Miners Offset EIP 1559 Revenue Losses
Maximal Extractable Value (MEV) has netted traders and miners some $1.7 million in profit in the last 24 hours alone.
Ethereum Miners Revolt Over Fee Structure Overhaul
Ethereum miners are not happy about EIP 1559, a planned fee-structure overhaul mechanism meant to correct sky-high gas fees. Ethereum miners are making efforts to hold up the network, causing developers to push for a faster timeline for launching Ethereum 2.0.
A Planned Ethereum Update for July Will Overhaul ETH Gas Fees
An Ethereum proposal called EIP 1559 will result in a major update to address rising transaction fees. "The Hash" panel discusses why Ethereum miners and developers are at odds over this and whether or not the plan will actually make gas fees more affordable.
Ethereum's 'EIP 1559' Fee Market Overhaul Greenlit for July
A large majority of Ethereum miners are against the proposal. But that hasn’t stopped developers from scheduling the upgrade for July.
Valid Points: Ethereum 2.0 Soars Past 1M ETH Staked
Over $700 million worth of ether is now locked into Ethereum 2.0. That’s roughly 1.1% of the crypto asset’s total circulating supply.
New Ethereum Fee Model Has Some Miners Crying Foul: Survey
Eight of the nine mining projects answering a survey on EIP 1559 had a negative impression of the proposal, with seven saying they would not implement the change.
